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Salud Company reports the following information. Selected Annual Income Statement Data Selected YearEnd Balance Sheet Data Net income $ 458,888 Accounts receivable increase $ 42,888
Salud Company reports the following information. Selected Annual Income Statement Data Selected YearEnd Balance Sheet Data Net income $ 458,888 Accounts receivable increase $ 42,888 Depreciation expense 95,888 Prepaid expenses decrease 15,688 Gain on sale of machinery 21,588 Accounts payable increase 18,888 llnlages payable decrease 3,888 Use the indirectmethodto prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities _ Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash
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